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Nord Precious Metals Amends Option Agreements for LCT Lithium Property, Cochrane, Ontario
(TheNewswire) Coquitlam, BC – TheNewswire -- February 2, 2024 – N...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Nord Precious Metals Amends Option Agreements for LCT Lithium Property, Cochrane, Ontario\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Coquitlam, BC –\n \n \n TheNewswire --\n \n \n February 2,\n2024 – Nord Precious Metals Mining Inc. (formerly “Canada Silver\nCobalt Works Inc.”)\n \n \n (TSXV:NTH) (OTC:CCWOF)\n(Frankfurt:4T9B) (the \"Company\" or \"Nord Precious\nMetals”) announces that further to the Company’s news release\ndated February 6, 2023 whereby the Company entered into two Property\nOption Agreements with Zachary St-Denis for the acquisition of a 100%\ninterest, subject to a 2% NSR in\n \n \n 4 claims blocks\n(Case Agreement – 3 claims blocks) (Sangster Agreement – 1 claim\nblock) (the “Agreements”) located near Kirkland Lake, Ontario, the\nCompany has amended certain terms of the Agreement.\n \n \n \n \n Pursuant to the Amended Option Agreements, the Company\nwill now be issuing 800,000 shares (200,000 - Sangster and 600,000 -\nCase Property) at a deemed value of $0.05 per share in lieu of a\n$40,000 cash payment ($10,000 – Sangster and $30,000 – Case\nProperty) on the 1\n \n \n st\n \n \n anniversary of the Agreements.  All other\nterms of the Agreement remain the same.\n \n \n \n \n The Amended Option Agreements are subject to TSX\nVenture Exchange approval, and all securities issued in connection\nwith the Amended transaction are subject to a four month and a day\nhold period in accordance with securities laws.\n \n \n \n \n Qualified person\n \n \n \n \n The technical information in this news release was\napproved and prepared under the supervision of Mr. Matthew Halliday,\nP.Geo., (PGO), President and COO of Nord Precious Metals Inc., a\nqualified person accordance with National Instrument 43-101.\n \n \n \n \n About Nord Precious Metals Mining\nInc.\n \n \n \n \n Nord Precious Metals Mining Inc. (formerly Canada\nSilver Cobalt Works Inc.) recently discovered a major high-grade\nsilver vein system at Castle East located 1.5 km from its 100%-owned,\npast-producing Castle Mine near Gowganda in the prolific and\nworld-class silver-cobalt mining district of Northern Ontario. The\nCompany has completed a 60,000 m drill program aimed at expand...